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BSY$35.20+7.84%
Fair $35.20+0.0%

BSY

Bentley Systems, Incorporated

Technology / Software - ApplicationNasdaqGS

$35.20

+2.56 (+7.84%)

Fairly Valued+0.0%Fair Value $35.20Fund rank 37/100 · Data gapFallback financials|
SA 43/C
F-Score: 8/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 22% · confianza 25%

FCF escenarios

weak_data · normalized FCF $421.2M · quality 74.7/100

Data gap 37/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 91/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

43/100

C

Piotroski

8/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

20/100

SEC 0%

Latest source: unknownPeriods: 8Warnings: 0unknown: 8
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · BSYLocal privado en este navegador · Bentley Systems, Incorporated
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$10.7B

P/E

40.5x

↑

EV/EBITDA

29.8x

↑

ROE

23.4%

↑

Gross Margin

81.5%

↑

Debt/Equity

1.08

↑
52-Week Range$35
$31$59

TradingView lightweight chart

BSY price, volumen y niveles de valoración

Último $35.20Periodo +5.1%
Fair value: $35.20

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2018–2025 · 7 años de histórico normalizado

Revenue CAGR

+11.7%

FCF CAGR

+20.3%

FCF margin

34.6%

FCF / Net income

1.87x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.50B · net income $277.9M · FCF $520.2M

2018-FY → 2025-FY

Gross margin

81.5%+0.5% pts

Operating margin

24.1%+6.6% pts

Net margin

18.5%-2.0% pts

FCF margin

34.6%+14.0% pts
MetricTTM
2025
2024
2023
2022
2021
2020
2019
2018
Income Statement
Revenue$1.50B$1.50B$1.35B$1.23B$1.10B$965.0M$801.5M$736.7M$691.7M
Net Income$277.9M$277.9M$234.8M$326.8M$174.8M$93.2M$126.5M$103.1M$142.1M
EBITDA$431.9M$431.9M$382.4M$296.7M$304.9M$147.4M$186.3M$174.0M$150.6M
EPS0.850.850.721.000.550.300.420.350.49
Gross Margin81.5%81.5%80.9%78.3%78.4%77.6%79.1%80.4%81.0%
Operating Margin24.1%24.1%22.3%18.8%19.0%9.8%18.7%19.3%17.5%
Net Margin18.5%18.5%17.4%26.6%15.9%9.7%15.8%14.0%20.5%
Balance Sheet
Debt/Equity1.081.081.371.783.183.500.720.70—
Current Ratio0.520.52———————
Cash Flow
Free Cash Flow$520.2M$520.2M$421.2M$391.7M$255.8M$270.5M$241.9M$154.1M$142.8M
Returns
ROE23.4%23.4%22.6%37.0%30.5%22.8%37.0%30.8%96.4%
Valuation
P/E40.4640.4665.3746.7364.38————
EV/EBITDA29.8329.8344.6457.4344.28————
P/B9.869.8615.0917.5920.51————
Growth & Yield
Revenue Growth11.0%11.0%10.1%11.8%—20.4%8.8%6.5%—
EPS Growth18.1%18.1%-28.0%81.8%—-28.6%20.0%-28.6%—
Dividend Yield0.9%0.9%———————

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

54.3%

muy exigente

EPS terminal req.

$3.12

Spread vs growth

-36.3%

5Y implied EPS CAGR

34.8%

muy exigente

EPS terminal req.

$3.78

Spread vs growth

-16.7%

10Y implied EPS CAGR

21.8%

exigente

EPS terminal req.

$6.09

Spread vs growth

-3.7%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -25.4%

Total return

-25.4%

Start / end P/E

66.3x → 41.4x

EPS bridge

0.72 → 0.85

Residual

-6.8%

EPS growth+18.1%
Multiple rerating-37.5%
Dividend+0.9%
Residual / FX / buybacks / cross-term-6.8%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.